When you have frequent or variable expenses for your business, a line of credit might be for you. A line of credit can help you cover payroll or payments while you’re waiting to get paid from vendors or customers. This is a great option if you’re looking for a product to help you balance expenses that may be higher than what a business credit card may allow.
A business line of credit also gives you the flexibility of being able to access your money when you need it. As you pay down the balance on your line of credit, the funds become available again.